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Donating real estate to charity can come with a myriad of benefits. Not only will you help out a worthy cause, but also take advantage of tax benefits that can lower your overall personal tax burden.
An organization must meet certain requirements set forth in the code. Some organizations must also file a request with the Internal Revenue Service to gain status as a tax-exempt non-profit charitable organization under section 501(c)(3) of the tax code. A non-exhaustive list of organizations that may meet the Federal requirements are as follows:
As non-profit organizations, land trusts rely on donations, grants and public land acquisition programs for operating expenses and for acquiring land and easements. Donors often provide monetary support, but it is common for conservation-minded landowners to donate an easement on their land, or the land itself.
Non-profit housing developers build affordable housing for individuals under-served by the private market. The non-profit housing sector is composed of community development corporations (CDC) and national and regional non-profit housing organizations whose mission is to provide for the needy, the elderly, working households, and others that the private housing market does not adequately serve.
The Keller family transferred ownership of 17 acres to the non-profit that leases land to grow rice. Jubilee Justice has also taken over Inglewood's organic vegetable growing operation.
Alice and Sheryl Cooper – co-founded Alice Cooper's Solid Rock Foundation, a non-profit supporting teenagers. Alisher Usmanov – business-magnate, philanthropist, FIE President, founder of Art, science and sport foundation. Alagappa Chettiar – notable for work on Indian education. Anne-Françoise de Fougeret (1745-1813) – French ...
A community development corporation (CDC) is a not-for-profit organization incorporated to provide programs, offer services and engage in other activities that promote and support community development. CDCs usually serve a geographic location such as a neighborhood or a town. They often focus on serving lower-income residents or struggling ...
Extend and strengthen partnerships among all levels of government (local and federal) and the private sector (both for-profit and non-profit organizations) in the production and operation of affordable housing; HOME funds can enable a broad range of eligible activities that provide affordable housing.
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